v3.25.2
Loans (Tables)
 6 Months Ended
Jun. 30, 2025
Receivables [Abstract]  
Past Due Financing Receivables
The following two tables present loan balances outstanding as of June 30, 2025 and December 31, 2024 and an analysis of the recorded investment in loans that are past due at these dates. Generally, Arrow considers a loan past due 30 or more days when the borrower is two payments past due. Loans held-for-sale of $4.5 million and $759 thousand as of June 30, 2025 and December 31, 2024, respectively, are included in the residential real estate balances for current loans.

Schedule of Past Due Loans by Loan Category
Commercial
CommercialReal EstateConsumerResidentialTotal
June 30, 2025
Loans Past Due 30-59 Days$549 $— $10,627 $391 $11,567 
Loans Past Due 60-89 Days196 312 5,548 3,150 9,206 
Loans Past Due 90 or more Days88 — 925 2,488 3,501 
Total Loans Past Due833 312 17,100 6,029 24,274 
Current Loans161,370 807,854 1,092,172 1,339,084 3,400,480 
Total Loans$162,203 $808,166 $1,109,272 $1,345,113 $3,424,754 
December 31, 2024
Loans Past Due 30-59 Days$355 $— $11,211 $391 $11,957 
Loans Past Due 60-89 Days156 318 5,417 2,685 8,576 
Loans Past Due 90 or more Days102 14,902 2,225 2,239 19,468 
Total Loans Past Due613 15,220 18,853 5,315 40,001 
Current Loans158,378 781,145 1,100,128 1,314,889 3,354,540 
Total Loans$158,991 $796,365 $1,118,981 $1,320,204 $3,394,541 

Schedule of Non Accrual Loans by Category
Commercial
June 30, 2025CommercialReal EstateConsumerResidentialTotal
Loans 90 or More Days Past Due
  and Still Accruing Interest		$— $— $24 $916 $940 
Nonaccrual Loans170 — 1,154 3,951 5,275 
Nonaccrual With No Allowance for Credit Loss170 — 868 3,951 4,989 
Interest Income on Nonaccrual Loans— — — — — 
December 31, 2024
Loans 90 or More Days Past Due
  and Still Accruing Interest		$— $— $19 $379 $398 
Nonaccrual Loans102 14,902 2,241 3,376 20,621 
Allowance for Credit Losses on Financing Receivables
The following table details activity in the allowance for credit losses on loans for the three and six months ended June 30, 2025 and June 30, 2024:

Allowance for Credit Losses
CommercialCommercial Real EstateConsumerResidentialTotal
March 31, 2025$1,801 $18,236 $4,147 $13,587 $37,771 
Charge-offs$— $(3,818)$(1,225)$(20)$(5,063)
Recoveries$— $75 $814 $— $889 
Provision$974 $1,519 $657 $(2,556)$594 
June 30, 2025$2,775 $16,012 $4,393 $11,011 $34,191 
December 31, 2024$1,925 $14,507 $3,882 $13,284 $33,598 
Charge-offs$— $(3,818)$(2,744)$(51)$(6,613)
Recoveries$— $75 $1,518 $— $1,593 
Provision$850 $5,248 $1,737 $(2,222)$5,613 
June 30, 2025$2,775 $16,012 $4,393 $11,011 $34,191 
March 31, 2024$2,842 $14,168 $2,756 $11,795 $31,561 
Charge-offs$— $— $(1,850)$— $(1,850)
Recoveries$— $— $523 $— $523 
Provision$(811)$(57)$1,556 $87 $775 
June 30, 2024$2,031 $14,111 $2,985 $11,882 $31,009 
December 31, 2023$1,958 $15,521 $2,566 $11,220 $31,265 
Charge-offs$(9)$— $(3,124)$— $(3,133)
Recoveries$— $— $1,485 $— $1,485 
Provision$82 $(1,410)$2,058 $662 $1,392 
June 30, 2024$2,031 $14,111 $2,985 $11,882 $31,009 
The following tables present the amortized cost basis of collateral-dependent loans by class of loans as of June 30, 2025 and December 31, 2024:
June 30, 2025Collateral Type -Residential Real EstateCollateral Type - Commercial Real EstateTotal Loans
Commercial$— $— $— 
Commercial Real Estate— — — 
Consumer— — — 
Residential2,688 — 2,688 
Total$2,688 $— $2,688 

December 31, 2024Collateral Type -Residential Real EstateCollateral Type - Commercial Real EstateTotal Loans
Commercial$— $— $— 
Commercial Real Estate— 14,902 14,902 
Consumer— — — 
Residential1,417 — 1,417 
Total$1,417 $14,902 $16,319 




Allowance for Credit Losses - Collectively and Individually Evaluated
CommercialCommercial Real EstateConsumerResidentialTotal
June 30, 2025
Ending Loan Balance - Collectively Evaluated$162,203 $808,166 $1,109,272 $1,342,425 $3,422,066 
Allowance for Credit Losses - Loans Collectively Evaluated2,775 16,012 4,093 11,011 33,891 
Ending Loan Balance - Individually Evaluated— — — 2,688 2,688 
Allowance for Credit Losses - Loans Individually Evaluated— — 300 — 300 
December 31, 2024
Ending Loan Balance - Collectively Evaluated$158,991 $781,463 $1,118,981 $1,318,787 $3,378,222 
Allowance for Credit Losses - Loans Collectively Evaluated1,925 14,507 3,882 13,284 33,598 
Ending Loan Balance - Individually Evaluated— 14,902 — 1,417 16,319 
Allowance for Credit Losses - Loans Individually Evaluated— — — — — 
Financing Receivable, Modified
The following tables present the amortized cost basis of loan at June 30, 2025 that were both experiencing financial difficulty and modified during the six months ended June 30, 2025, by class and by type of modification. The percentage of the amortized cost basis of loans that were modified to borrowers in financial distress as compared to the amortized cost basis of each class financing receivable is also present below. We had no reportable loan modifications for the year ended December 31, 2024.

June 30, 2025Principal ForgivenessPayment DelayTerm ExtensionInterest Rate ReductionCombination Term Extension and Principal ForgivenessCombination Term Extension and Interest Rate ReductionTotal Class of Financing Receivable
Commercial$— $— $— $— $— $— — %
Commercial Real Estate— — — — — — — %
Consumer— — — — — — — %
Residential— 705 — — — — 0.05 %
Total$— $705 $— $— $— $— 0.02 %
The following table presents the financial effect of the loan modification presented above to a borrower experiencing financial difficulty for the six months ended June 30, 2025. There were no reportable loan modifications for the year ended December 31, 2024.

June 30, 2025Principal ForgivenessWeighted-Average Interest Rate ReductionWeighted-Average Term Extension
Commercial$— — %0
Commercial Real Estate— — %0
Consumer— — %0
Residential— — %0
Total
— — %0
Financing Receivable, Modified, Past Due The following table presents the performance of such loans that have been modified in the last 12 months. There were no reportable loan modifications for the year ended December 31, 2024.
June 30, 2025CurrentLoans Past Due 30-59 DaysLoans Past Due 60-89 DaysLoans Past Due 90 or more DaysTotal Loans Past Due
Commercial$— $— $— $— $— 
Commercial Real Estate— — — — — 
Consumer— — — — — 
Residential705 — — — — 
Total$705 $— $— $— $— 
Financing Receivable Credit Quality Indicators
The following tables present credit quality indicators by total loans amortized cost basis by origination year as of June 30, 2025 and December 31, 2024:
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving Loan Converted to TermTotal
June 30, 202520252024202320222021Prior
Commercial:
Risk rating
Satisfactory$18,018 $45,640 $24,474 $19,884 $14,728 $22,123 $11,354 $— $156,221 
Special mention208 — 65 174 — — 481 — 928 
Substandard— — 467 113 — 2,964 1,510 — 5,054 
Doubtful— — — — — — — — — 
Total Commercial Loans$18,226 $45,640 $25,006 $20,171 $14,728 $25,087 $13,345 $— $162,203 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Commercial Real Estate:
Risk rating
Satisfactory$34,837 $108,474 $95,905 $134,044 $101,383 $283,479 $4,349 $— $762,471 
Special mention305 4,751 278 12,508 4,831 4,809 — — 27,482 
Substandard— — 344 1,320 312 14,570 1,667 — 18,213 
Doubtful— — — — — — — — — 
Total Commercial Real Estate Loans$35,142 $113,225 $96,527 $147,872 $106,526 $302,858 $6,016 $— $808,166 
Current-period gross charge-offs$— $— $— $— $1,656 $2,162 $— $— $3,818 
Consumer:
Risk rating
Performing$206,582 $338,067 $243,023 $191,311 $89,591 $39,077 $442 $— $1,108,093 
Nonperforming151 217 243 213 265 85 5 — 1,179 
Total Consumer Loans$206,733 $338,284 $243,266 $191,524 $89,856 $39,162 $447 $— $1,109,272 
Current-period gross charge-offs$17 $691 $741 $618 $536 $141 $— $— $2,744 
Residential:
Risk rating
Performing$58,615 $175,993 $168,417 $213,071 $176,292 $419,389 $128,469 $— $1,340,246 
Nonperforming— — 110 2,082 397 1,863 415 — 4,867 
Total Residential Loans$58,615 $175,993 $168,527 $215,153 $176,689 $421,252 $128,884 $— $1,345,113 
Current-period gross charge-offs$— $— $— $20 $— $31 $— $— $51 
Total Loans$318,716 $673,142 $533,326 $574,720 $387,799 $788,359 $148,692 $— $3,424,754 
Total gross
charge-offs		$17 $691 $741 $638 $2,192 $2,334 $— $— $6,613 
Term Loans Amortized Cost Basis by Origination YearRevolving Loans Amortized Cost BasisRevolving Loan Converted to TermTotal
December 31, 202420242023202220212020Prior
Commercial:
Risk rating
Satisfactory$42,767 $28,988 $23,808 $16,941 $6,183 $19,211 $15,686 $— $153,584 
Special mention107 229 930 — 72 — 483 — 1,821 
Substandard— 280 264 — — 3,030 12 — 3,586 
Doubtful— — — — — — — — — 
Total Commercial Loans$42,874 $29,497 $25,002 $16,941 $6,255 $22,241 $16,181 $— $158,991 
Current-period gross charge-offs$— $— $— $— $9 $— $— $— $9 
Commercial Real Estate:
Risk rating
Satisfactory$90,049 $96,783 $137,146 $109,086 $115,576 $187,202 $2,799 $— $738,641 
Special mention3,002 200 12,680 — — 9,506 — — 25,388 
Substandard— 146 172 1,985 2,309 26,853 871 — 32,336 
Doubtful— — — — — — — — — 
Total Commercial Real Estate Loans$93,051 $97,129 $149,998 $111,071 $117,885 $223,561 $3,670 $— $796,365 
Current-period gross charge-offs$— $— $— $— $— $— $— $— $— 
Consumer:
Risk rating
Performing$386,004 $297,698 $243,484 $121,803 $48,268 $18,994 $473 $— $1,116,724 
Nonperforming345 424 602 593 178 115 — — 2,257 
Total Consumer Loans$386,349 $298,122 $244,086 $122,396 $48,446 $19,109 $473 $— $1,118,981 
Current-period gross charge-offs$1,272 $949 $1,669 $1,270 $434 $243 $— $— $5,837 
Residential:
Risk rating
Performing$162,087 $177,071 $225,398 $181,934 $106,695 $334,576 $128,687 $— $1,316,448 
Nonperforming— 201 254 201 464 2,386 250 — 3,756 
Total Residential Loans$162,087 $177,272 $225,652 $182,135 $107,159 $336,962 $128,937 $— $1,320,204 
Current-period gross charge-offs$— $— $— $— $— $49 $— $— $49 
Total Loans$684,361 $602,020 $644,738 $432,543 $279,745 $601,873 $149,261 $— $3,394,541 
Total gross
charge-offs		$1,272 $949 $1,669 $1,270 $443 $292 $— $— $5,895